CMA barred from Kakuzi directors probe

Kakuzi Managing Director Chris Flowers. PHOTO | COURTESY

The Capital Markets Tribunal has temporarily stopped proceedings brought against nine senior officials of publicly listed firm Kakuzi by the markets regulator after they were served with a notice to show cause early this month.

The officials are accused of forming companies and approving payments totalling millions of shillings from Kakuzi to these entities without disclosing their interests.

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